Veterinary Imaging Market is anticipated to witness growth at a compounded annual growth rate (CAGR) of 6.75% during the forecast period of 2022-2030

 

The veterinary imaging market is anticipated to witness growth at a compounded annual growth rate (CAGR) of 6.75% during the forecast period of 2022-2030.

Veterinary imaging, a subspecialty of veterinary medicine, is frequently a non-invasive technique used to acquire medical images of animal bodies to identify various chronic disorders. Some of the most widely used imaging technologies for identifying diseases in small, large, and other classes of animals include ultrasound imaging, MRI, radiography, X-ray, CT imaging, endoscopic imaging, and others. Players involved in the development and introduction of various veterinary imaging technologies and products may be found in the global market for veterinary imaging.

 

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Growth Drivers:

The idea of humanising pets has exploded in popularity in recent years. Over 35.0% of American households possessed cats, while over 44.0% of homes had dogs, according to the American Pet Products Association. In the future years, it is expected that this number would only increase. Pet adoption is on the rise, and with it, pet owners' desire and awareness to spend a lot of money on things like pet insurance, medical treatment, food, supplies, over-the-counter drugs, etc. for their animals' health and well-being. During the forecast period, this aspect is anticipated to be favourable for the expansion of the worldwide veterinary imaging market.

The need for practical ways to boost livestock productivity, particularly in emerging economies, has grown significantly over time as a result of the growing demand for meat and dairy products around the world. Additionally, as the number of animals worldwide has increased, so too has the prevalence of zoonotic illnesses. Due to the increased demand for efficient diagnostic tools to stop the spread of these illnesses, the worldwide veterinary imaging market is expected to expand rapidly over the coming few years.

In the upcoming years, it is anticipated that the increasing adoption of veterinary imaging in point-of-care facilities, the rising number of veterinary practitioners around the world combined with their growing consolidation, the rise in academic institutions funding research, and these factors will all contribute to the global veterinary imaging market's expansion.

However, over the forecast period of 2022–2030, factors like the high costs of veterinary imaging technologies and devices and the lack of experienced veterinarians & animal healthcare awareness in developing and underdeveloped countries worldwide are anticipated to restrain the market's growth.

 

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Veterinary Imaging Market Segmentation:

By Product Type:

·         Veterinary Imaging Instruments

·         Radiography (X-RAY)

·               Computed Radiography Systems

·               Direct Radiography Systems

·               Film-based Radiography Systems

·         Ultrasound Imaging Systems

·               2D Ultrasound Imaging Systems

·               3D/4D Ultrasound Imaging Systems

·               Doppler Ultrasound Imaging Systems

·         Computed Tomography Imaging Systems

·               Stationary Multi-slice Computed Tomography Systems

·               Portable Computed Tomography Systems

·         Video Endoscopy Imaging Systems

·         Magnetic Resonance Imaging Systems

·         Other Imaging Systems

·         Veterinary Imaging Reagents

·         X-RAY and CT Contrast Reagents

·         MRI Contrast Reagents

·         Ultrasound Contrast Reagents

·         Veterinary Imaging Software

 

By Therapeutic Area:

·         Orthopedics & Traumatology

·         Obstetrics & Gynecology

·         Oncology

·         Cardiology

·         Neurology

·         Dentistry

·         Other Therapeutic Areas

 

By Animal Type:

·         Small Companion Animals

·         Large Animals

·         Other Animals

 

By End User:

·         Veterinary Clinics

·         Diagnostic Centers

·         Veterinary Hospitals

·         Academic Institutions

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

Key Companies in Veterinary Imaging Market:

The research report offers a competitive analysis of prominent companies operating in the global veterinary imaging market. Some of the leading players profiled in the market research report include:

·         Samsung Electronics Co., Ltd.

·         E.I. Medical Imaging

·         IMV imaging

·         GE Healthcare

·         Agfa-Gevaert N.V.

·         Carestream Health

·         Esaote S.p.A

·         IDEXX Laboratories Inc.

·         Mindray Medical International Limited

·         Canon Inc.

·         Heska Corporation

·         Siemens Healthineers

·         FUJIFILM Holdings Corporation

·         Konica Minolta Inc.

·         Clarius Mobile Health

·         MinXray Inc.

·         Hallmarq Veterinary Imaging

·         Sonoscape Medical Corp.

·         Reproscan

·         Other Players

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                                                             

                                                                             

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